First Quadrant L P CA increased its position in ConocoPhillips (NYSE:COP) by 32.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,748 shares of the energy producer’s stock after buying an additional 5,121 shares during the quarter. First Quadrant L P CA’s holdings in ConocoPhillips were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its position in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 6 shares during the period. First Command Bank increased its position in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares during the period. Krilogy Financial LLC increased its position in ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares during the period. Westside Investment Management Inc. increased its position in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares during the period. Finally, Massey Quick & Co. LLC acquired a new stake in ConocoPhillips during the 1st quarter valued at approximately $123,000. 69.87% of the stock is owned by institutional investors.

ConocoPhillips (COP) opened at $51.68 on Thursday. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $54.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The stock has a market capitalization of $62,119.01, a price-to-earnings ratio of 2,598.00, a P/E/G ratio of 12.53 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the business earned ($0.66) EPS. analysts predict that ConocoPhillips will post 0.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, October 13th. ConocoPhillips’s dividend payout ratio is currently -57.30%.

In related news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares in the company, valued at $178,513.74. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by company insiders.

COP has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Royal Bank of Canada set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $45.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. Jefferies Group set a $54.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank reaffirmed a “buy” rating and set a $52.00 price objective on shares of ConocoPhillips in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.47.

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About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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